New Issue: Goldman sells $25 million fixed- and floating-rate notes

By Wendy Van Sickle

Columbus, Ohio, Nov. 16 – Goldman Sachs Group, Inc. priced $25 million of fixed- and floating-rate notes due Nov. 30, 2029, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is initially 7.35%. After Nov. 14, 2024, it will be SOFR plus 150 basis points, subject to a minimum interest rate of 1%. Interest is payable monthly

The payout at maturity will be par plus accrued interest.

Goldman Sachs & Co. LLC is the agent.

Issuer:	Goldman Sachs Group, Inc.
Issue:	Fixed- and floating-rate notes
Underlying rate:	SOFR
Amount:	$25 million
Maturity:	Nov. 30, 2029
Coupon:	7.35% initially; after Nov. 14, 2024, SOFR plus 150 bps, subject to floor of 1%; payable monthly
Price:	Par
Payout at maturity:	Par plus accrued interest
Pricing date:	Nov. 9
Settlement date:	Nov. 14
Underwriter:	Goldman Sachs & Co. LLC
Fees:	0%
Cusip:	38150AQ81

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